China is in default on $1 trillion it owes US citizens and Washington does nothing. That means China owes us more than we owe them. Yet they don’t pay a dime of interest while we send $50 million a day to China. The debt comes from gold bonds when the Communists took power. And, while China has paid other countries like the UK, they ignore the trillion they owe Americans. Our politicians don’t care.
China is in default on $1 trillion it owes US citizens and Washington does nothing.
That means China owes us more than we owe them. Yet they don't pay a dime of interest while we send $50 million a day to China.
The debt comes from gold bonds when the Communists took power.… pic.twitter.com/YqE7dGUlWd
— Peter St Onge, Ph.D. (@profstonge) April 8, 2024
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